Fixed income is a type of investment that pays investors fixed interest payments until its maturity date arrives and when the date comes, investors are paid the principal amount they initially invested.

 

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Living wage refers to a wage level which allows one afford adequate shelter, food and the other necessities for living.

 

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Lock limit is a specific price movement set by trading exchanges that if breached can result in a trading halt of the instrument beyond the lock limit price.

 

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Previous close is asset’s previous closing price. It almost always refers to the final price of a security a day before the current one.

 

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Response lag is the time it takes for corrective fiscal and monetary policies to result in changes since the time of their implementation.

 

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The long run is a period of time in which all factors of the matter at hand are variable.

 

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